8-K: Current report filing
Published on December 23, 2024
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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of the Securities Exchange Act of 1934
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| Item 1.01. | Entry Into a Material Definitive Agreement |
On December 20, 2024, Blue Owl Technology Finance Corp. (the “Company”) entered into the Third Amendment to that certain Amended and Restated Senior Secured Credit Agreement (the “Third Amendment”), which amends that certain Amended and Restated Senior Secured Credit Agreement, dated as of November 15, 2022 (as amended by that certain First Amendment to Amended and Restated Senior Secured Revolving Credit Agreement, dated as of September 26, 2023, and as amended by that certain Second Amendment to Amended and Restated Senior Secured Revolving Credit Agreement, dated as of June 13, 2024). The parties to the Third Amendment include the Company, as Borrower, the subsidiary guarantors party thereto solely with respect to Section 5.8 therein, the lenders party thereto and Truist Bank as Administrative Agent and, solely with respect to Section 5.10 therein, as Collateral Agent. The Third Amendment, among other things, (i) extends the revolver availability period from September 2027 to December 2028, (ii) extends the scheduled maturity date from September 2028 to December 2029, (iii) decreases the total facility amount from $1,115,000,000 to $1,065,000,000, (iv) increases the accordion provision to permit increases to a total facility amount of up to (x) prior to the OTF Merger Date, $2,000,000,000 and (y) following the OTF Merger Date, $3,825,000,000, (v) reduces the unused fee from 0.375% to 0.350% on all unused commitments, and (vi) resets the minimum shareholders’ equity test.
| Item 2.03. | Creation of a Direct Financial Obligation |
The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.
| Item 9.01. | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit |
Description |
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| 10.1 | Third Amendment to Amended and Restated Senior Secured Revolving Credit Agreement, dated as of December 20, 2024, between Blue Owl Technology Finance Corp., the Lenders party thereto and Truist Bank, as Administrative Agent | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BLUE OWL TECHNOLOGY FINANCE CORP. | ||||||
| Dated: December 23, 2024 | By: | /s/ Jonathan Lamm |
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| Name: | Jonathan Lamm | |||||
| Title: | Chief Financial Officer and Chief Operating Officer | |||||